An association of socialists.
“The Fabian Society aims at the reorganisation of society by the emancipation of land and industrial capital from individual and class ownership: and the resting of them in the community for the general benefit.” —H.G. Wilshire: Fabian Essays on Socialism, June, 1891, p. 91.
The name of the society is derived from Quintus Fabius, the Roman general, who won his way against Hannibal by wariness, not by violence, by caution, not by defiance.
“Fabian tactics lie in stealing inches, not in grasping leagues.” —Liberty Review, May 19th, 1894, p. 395, col. 1.
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
More on Fabian Society from Fact Monster: